Thalmic Labs' $14.5M Series A largest round of any Y Combinator grad

It is the largest round raised by any other post-Y Combinator graduate to date.

As is usually the case, the additional funding will fuel continued growth, MYO development, and the development of future products and technologies, according to company chief executive and co-founder Stephen Lake.

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“This new investment will help us realize our vision of a new era of computing, where the lines between humans and digital technology become increasingly blurred,” said Mr. Lake in a press release.

MYO fits around a users’ forearm, and uses a combination of biometrical signals, as well as data from gyroscopes and accelerometers, to track and interpret movement.

Over 30,000 units have been pre-ordered by customers in 138 countries since MYO’s reveal in late February, far exceeding the initial 25,000 unit batch.

“We are at the beginning of a revolution in how we interface with computers, and the team at Thalmic Labs has made some truly disruptive breakthroughs,” said Mr. Hyatt of Spark Capital. “We’re excited not just for what they are building, but to see the new ecosystem of wearable computing that they are going to help push forward.”

The company has grown quickly since its founding in April 2012, from 10 when Myo was announced to 15 employees as of April, according to Mr. Lake in an interview at the time. Four engineering co-op students will also be working with Thalmic this summer.

In April, Mr. Lake said his company was in the the process of preparing its prototypes for mass production. As part of the funding announcement, it was also revealed that Thalmic will “gain access to Intel’s manufacturing and technology expertise to help the company scale production and enhance next generation products.”

Delivery of MYO is expected in December, 2013. It can be pre-ordered for $149.